Thrivent Financial for Lutherans grew its position in Ulta Beauty Inc (NASDAQ:ULTA) by 11.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 71,402 shares of the specialty retailer’s stock after purchasing an additional 7,445 shares during the period. Thrivent Financial for Lutherans’ holdings in Ulta Beauty were worth $18,075,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Andra AP fonden boosted its position in shares of Ulta Beauty by 7.1% during the 4th quarter. Andra AP fonden now owns 18,000 shares of the specialty retailer’s stock worth $4,557,000 after purchasing an additional 1,200 shares during the period. California State Teachers Retirement System boosted its position in shares of Ulta Beauty by 1.1% during the 3rd quarter. California State Teachers Retirement System now owns 103,264 shares of the specialty retailer’s stock worth $25,883,000 after purchasing an additional 1,089 shares during the period. Stifel Financial Corp boosted its position in shares of Ulta Beauty by 6.0% during the 3rd quarter. Stifel Financial Corp now owns 112,300 shares of the specialty retailer’s stock worth $28,214,000 after purchasing an additional 6,379 shares during the period. AlphaCrest Capital Management LLC purchased a new position in shares of Ulta Beauty during the 4th quarter worth approximately $1,441,000. Finally, Parallel Advisors LLC boosted its position in shares of Ulta Beauty by 11.6% during the 4th quarter. Parallel Advisors LLC now owns 1,828 shares of the specialty retailer’s stock worth $463,000 after purchasing an additional 190 shares during the period. 88.26% of the stock is owned by institutional investors and hedge funds.
In other news, insider Jeffrey J. Childs sold 3,031 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $252.20, for a total value of $764,418.20. Following the sale, the insider now directly owns 10,333 shares in the company, valued at approximately $2,605,982.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is currently owned by company insiders.
A number of research firms recently weighed in on ULTA. JPMorgan Chase & Co. increased their price objective on shares of Ulta Beauty from $317.00 to $326.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Piper Jaffray Companies lowered their price objective on shares of Ulta Beauty from $250.00 to $228.00 and set a “neutral” rating for the company in a research report on Monday, December 2nd. Guggenheim lowered their price objective on shares of Ulta Beauty from $330.00 to $300.00 and set a “reduce” rating for the company in a research report on Friday. Sanford C. Bernstein raised shares of Ulta Beauty to a “hold” rating in a research report on Friday, March 6th. Finally, Stifel Nicolaus lowered their price objective on shares of Ulta Beauty from $230.00 to $220.00 and set a “hold” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $268.79.
Shares of ULTA traded up $8.52 during midday trading on Friday, reaching $207.06. The stock had a trading volume of 2,502,839 shares, compared to its average volume of 997,253. Ulta Beauty Inc has a 1-year low of $190.83 and a 1-year high of $368.83. The company’s fifty day simple moving average is $274.72 and its two-hundred day simple moving average is $255.24. The company has a market cap of $11.35 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 0.95 and a beta of 1.10. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.67 and a quick ratio of 0.38.
Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings data on Thursday, March 12th. The specialty retailer reported $3.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.73 by $0.16. Ulta Beauty had a net margin of 9.54% and a return on equity of 36.88%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the business earned $3.61 EPS. The company’s revenue was up 8.5% on a year-over-year basis. On average, sell-side analysts forecast that Ulta Beauty Inc will post 12.72 earnings per share for the current year.
Ulta Beauty announced that its Board of Directors has authorized a share buyback plan on Thursday, March 12th that permits the company to repurchase $1.60 billion in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase up to 12.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.
Ulta Beauty Company Profile
Ulta Beauty, Inc operates as a beauty retailer in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; salon services, including hair, skin, makeup, and brow services; and others, including nail products and accessories.
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